Beirut, Lebanon (Enmaeya News) — Revenues from carbon pricing exceeded $100 billion worldwide in 2024, marking a significant milestone in global climate action, according to the World Bank’s State and Trends of Carbon Pricing 2025 report released June 10, 2025.

The report shows that countries are turning climate action into a source of public revenue. By assigning a price to greenhouse gas emissions, nations are incentivizing cleaner practices while generating funds for environmental and development projects. Experts say this model could serve as a blueprint for others to follow.

For Lebanon, the trend represents more than a statistic. The country faces a dual crisis: economic fragility and climate vulnerability. A 2015 joint study by the Ministry of Environment, UNDP, and the Global Environment Facility estimated that the cost of inaction on climate could reach $23.2 billion in lost GDP by 2080.

The World Bank’s Lebanon Country Climate and Development Report (March 2024) warns that climate change could reduce Lebanon’s growth potential by up to 2% annually by 2040.

Despite these challenges, experts say climate action could drive economic revival. Adopting carbon pricing and other green policies may attract international investment, create new jobs, and integrate climate resilience into Lebanon’s development strategies.

Observers say such measures could help the country turn environmental challenges into a force for sustainable, long-term recovery.